1/ Thoughts on Disney's Analyst Day.

Obviously a longtime Disney D2C bull; I was astounded, shocked by slate's quality, range, volume.

This is Disney going beyond a digital "Vault" plus originals. It is saying all of your favorite stories, more,

Aboriginal and Torres Strait Islander Peoples in Australia, suffer grossly disproportionate rates of disadvantage against all measures of socio-economic status.
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State, territory & federal governments have introduced programs, & continue to seek to identify further methods, for redressing this disadvantage.
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A plethora of government programs have proven to be inadequate when considered against the requirement to raise Indigenous People to a position of equality in Australian society.
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The final report card for the 2008-2020 Closing-The-Gap-Program found the program only partially met 2 of the 7 outcome. 12 years on Aboriginal People still have a life expectancy a full decade less than white

Sadly there is little understanding within Australian society of the requirement to and legitimacy of adopting special measures.
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Until 2050 we'll likely see "a #supercycle in investments in 'clean' energy infrastructure, 'clean' transportation & everything that's required for the '#green' transition."

There's so much bullshit in here, I'll unpack some of it in a

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1st (cf. @MGSchmelzer): there is no reason to assume that a massive productivity- & hence production-boom will lead to reduced emissions, because it will increase production&growth, & it is those two variables that global greenhouse emissions track most closely. #Degrowth.

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Every time capitalism has made massive productivity gains (e.g. w/ the #steamengine; the taylorist #assemblyline; computers), that has led to a *radicalisation* of capitalism as a mass production system (as opposed to earlier versions, where luxury goods were for elites),...

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So there's no reason believe that a new round of capitalist accumulation (#accumulationbydispossession / #primitiveaccumulation) - in this case: some kind of "#greencapitalism - will in any way positively impact emissions rates, but every reason to believe the opposite...

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I would like to look into this, as it speaks to an often-overlooked issue: the relationship between different phases of capitalist development, such as imperialism, fordism, & post-fordism, connected to energy regimes (coal-based, oil-based, renewables-based capitalism)?

My friend @itsafronomics wanted to know the breakdown of student debt by income, so I pulled data from the SCF.

Student debt is more concentrated amongst high earners, but disproportionately amongst Black borrowers. The plot below plots the average within Income Quartiles.
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But those are the averages. What's the share that's above 10k? (This is the Biden current cutoff for debt forgiveness, so a useful benchmark).

For comparison, 20% of white Americans have student debt, and 31% of Black Americans.

Let's contrast that with say, above 20k. I was surprised at how high the share remains.

When we get to 50k of student debt, or more, we see it's only about 5% of the US, and around 8% of Black Americans. Strikingly, it's a huge share of high income Black Americans (this is a known fact in the education literature, I believe).

So what does this look like put together? Overall, we see a higher share of Americans with debt above 10k, and 20k. We would cover a decent amount with 10k, but miss Black Americans especially.

It's out! The @EU_Commission winter economic forecast for 2021 📊
🇪🇸 +5.6% GDP
🇫🇷 +5.5% GDP
🇭🇷 +5.6% GDP
🇸🇮 +4.7% GDP
🇲🇹 +4.5% GDP
🇵🇹 +4.1% GDP
🇸🇰 +4.0% GDP
🇭🇺 +4.0% GDP
🇧🇪 +3.9% GDP
🇷🇴 +3.8% GDP
💶 +3.8% GDP
🇪🇺 +3.7% GDP
🇬🇷 +3.5% GDP
🇱🇻 +3.5% GDP
🇮🇪 +3.4% GDP
🇮🇹 +3.2% GDP

🇩🇪 +3.2% GDP
🇨🇾 +3.2% GDP
🇱🇺 +3.2% GDP
🇨🇿 +3.2% GDP
🇵🇱 +3.1% GDP
🇩🇰 +2.9% GDP
🇫🇮 +2.8% GDP
🇧🇬 +2.7% GDP
🇸🇪 +2.7% GDP
🇪🇪 +2.6% GDP
🇱🇹 +2.2% GDP
🇦🇹 +2.0% GDP
🇳🇱 +1.8% GDP

Vs📈 2020:

🇪🇸 -11.0% GDP
🇬🇷 -10.0% GDP
🇲🇹 - 9.0% GDP
🇭🇷 - 8.9% GDP
🇮🇹 - 8.8% GDP
🇫🇷 - 8.3% GDP
🇵🇹 - 7.6% GDP
🇦🇹 - 7.4% GDP
💶 - 6.8% GDP
🇪🇺 - 6.3% GDP
🇧🇪 - 6.2% GDP
🇸🇮 - 6.2% GDP
🇸🇰 - 5.9% GDP
🇨🇾 - 5.8% GDP
🇨🇿 - 5.7% GDP
🇭🇺 - 5.3% GDP
🇩🇪 - 5.0% GDP
🇷🇴 - 5.0% GDP
🇧🇬 - 4.9% GDP

🇳🇱 - 4.1% GDP
🇱🇻 - 3.5% GDP
🇩🇰 - 3.5% GDP
🇱🇺 - 3.1% GDP
🇫🇮 - 3.1% GDP
🇮🇪 - 3.0% GDP
🇪🇪 - 2.9% GDP
🇸🇪 - 2.9% GDP
🇵🇱 - 2.8% GDP
🇱🇹 - 0.9% GDP

Commissioner @PaoloGentiloni says the forecast is based on the assumption that restrictive measures to contain the #coronavirus will be eased in the second quarter of 2021.